Lansing Street Advisors Boosts Stock Position in Chubb Limited (NYSE:CB)

Lansing Street Advisors grew its stake in Chubb Limited (NYSE:CB) by 68.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,889 shares of the financial services provider’s stock after acquiring an additional 769 shares during the quarter. Lansing Street Advisors’ holdings in Chubb were worth $522,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CB. FMR LLC grew its position in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares during the period. Barclays PLC grew its position in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. World Investment Advisors LLC grew its position in Chubb by 8,398.0% in the third quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider’s stock worth $79,232,000 after acquiring an additional 271,507 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Chubb by 259.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock worth $89,005,000 after acquiring an additional 231,791 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CB shares. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Down 0.1 %

Shares of NYSE CB opened at $267.19 on Friday. The stock has a market cap of $107.70 billion, a P/E ratio of 11.76, a PEG ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s fifty day simple moving average is $270.59 and its 200-day simple moving average is $279.46.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.